Cullen/Frost Bankers, Inc. $CFR Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its position in Cullen/Frost Bankers, Inc. by 3.0%, owning approximately $132.37 million worth of shares as of the end of the first quarter.
• Cullen/Frost Bankers reported an earnings per share (EPS) of $2.39 for the most recent quarter, exceeding analysts' expectations, with revenues of $567.83 million.
• The bank announced a quarterly dividend of $1.00 per share, reflecting an annualized yield of 3.2%, which highlights its commitment to returning value to shareholders.

Dimensional Fund Advisors LP raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,057,294 shares of the bank's stock after purchasing an additional 30,709 shares during the quarter. Dimensional Fund Advisors LP owned 1.64% of Cullen/Frost Bankers worth $132,365,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CFR. GAMMA Investing LLC grew its stake in Cullen/Frost Bankers by 122,282.2% during the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after purchasing an additional 1,005,160 shares during the last quarter. Impax Asset Management Group plc grew its stake in Cullen/Frost Bankers by 350.8% during the 1st quarter. Impax Asset Management Group plc now owns 518,387 shares of the bank's stock valued at $64,359,000 after purchasing an additional 403,387 shares during the last quarter. Northern Trust Corp grew its stake in Cullen/Frost Bankers by 33.7% during the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock valued at $130,703,000 after purchasing an additional 245,458 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Cullen/Frost Bankers by 19.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank's stock valued at $89,083,000 after purchasing an additional 114,910 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Cullen/Frost Bankers in the first quarter worth about $12,885,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Up 0.3%

Cullen/Frost Bankers stock traded up $0.34 during trading on Wednesday, reaching $132.26. 785,821 shares of the company were exchanged, compared to its average volume of 535,981. Cullen/Frost Bankers, Inc. has a 52-week low of $100.31 and a 52-week high of $147.64. The company has a market capitalization of $8.51 billion, a P/E ratio of 14.24, a PEG ratio of 2.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The stock's 50 day simple moving average is $130.62 and its two-hundred day simple moving average is $127.04.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $567.83 million for the quarter, compared to the consensus estimate of $552.04 million. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 3.0%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada lowered their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Barclays lowered their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Jefferies Financial Group assumed coverage on Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price on the stock. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a research note on Friday, May 2nd. Finally, Raymond James Financial lowered their target price on Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $133.71.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.